On February 17, 2025, the Hong Kong stock market closed lower. The Hang Seng Index slightly decreased by 0.02%, the Hang Seng China Enterprises Index fell by 0.09%, while the Hang Seng Tech Index dropped by 0.49%.

In terms of sectors, the blockchain concept stocks in Hong Kong saw a significant increase, with the sector rising by 9.47%. The semiconductor sector also performed well, gaining 5.68%. On the other hand, the internet medical sector experienced a decline of 3.51%, and the Apple concept stocks fell by 3.92%. The popular tech stocks in Hong Kong, including Tencent, saw a rise of 3.96%.

Tencent experienced a notable increase of 3.96%. The rise was driven by Goldman Sachs' report on Chinese AI investment portfolios and the integration of DeepSeek's AI model into Tencent's services, which boosted investor confidence. Tencent's market value surged significantly, reflecting the positive sentiment.

Alibaba-W saw a decline of 1.53%. Despite an initial rise, the stock was affected by the broader market downturn in tech stocks. The influence of DeepSeek's AI developments was not enough to sustain the earlier gains.

China Mobile increased by 0.44%, benefiting from the overall positive performance of telecom stocks, with China Unicom and China Telecom also seeing significant gains.

BYD Company fell by 2.47% despite reaching a new high earlier in the day, as market sentiment shifted.

JD-SW dropped by 3.62%, affected by the broader decline in large tech stocks during the afternoon session.

SMIC rose by 4.28%, supported by strong performance in the semiconductor sector, which saw several stocks gaining significantly.